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What next for a volatile Wall Street?
The US market had soared about 30 per cent since the trough, driven in part by record amounts of central bank and government stimulus, leading to worries the rally had become too detached from economic reality. On the question of whether equity investors cared about fundamentals, analysts at Rabobank said it was “clear they currently don’t”. The analysts cited a backdrop of the World Bank “calling a deep global recession” and the worst US economic downturn since the 1930s, among other factors.
https://finance.yahoo.com/m/64a107c.../what-next-for-a-volatile-wall.html?.tsrc=rss
The US market had soared about 30 per cent since the trough, driven in part by record amounts of central bank and government stimulus, leading to worries the rally had become too detached from economic reality. On the question of whether equity investors cared about fundamentals, analysts at Rabobank said it was “clear they currently don’t”. The analysts cited a backdrop of the World Bank “calling a deep global recession” and the worst US economic downturn since the 1930s, among other factors.
https://finance.yahoo.com/m/64a107c.../what-next-for-a-volatile-wall.html?.tsrc=rss
